An acquiring firm is analyzing the possible acquisition of a target firm. Both firms have no debt. The acquiring firm believes the acquisition of the target firm will increase its total after-tax annual cash flows by $3.5 million per year forever. The appropriate discount rate for the incremental cash flows is 9 percent. The current market value of the target firm is $85 million, and the current market value of the acquiring firm is $150 million. If the acquiring firm pays 35 percent of its stock to the target firm's shareholders, what is the net present value of the acquisition? Enter your answer in the box shown below as millions of dollars with 2 digits to the right of the decimal point. Your